The Sherwin-Williams Company $SHW Shares Sold by Clarendon Private LLC

Clarendon Private LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 683 shares of the specialty chemicals company’s stock after selling 97 shares during the quarter. Clarendon Private LLC’s holdings in Sherwin-Williams were worth $235,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Brighton Jones LLC grew its position in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock worth $308,000 after buying an additional 137 shares during the last quarter. GAMMA Investing LLC grew its position in Sherwin-Williams by 19.8% in the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock worth $1,636,000 after buying an additional 773 shares during the last quarter. Simon Quick Advisors LLC grew its position in Sherwin-Williams by 35.9% in the first quarter. Simon Quick Advisors LLC now owns 1,819 shares of the specialty chemicals company’s stock worth $635,000 after buying an additional 481 shares during the last quarter. Finally, Thomasville National Bank grew its position in Sherwin-Williams by 23.6% in the first quarter. Thomasville National Bank now owns 989 shares of the specialty chemicals company’s stock worth $345,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.2%

Sherwin-Williams stock opened at $332.51 on Friday. The company’s fifty day simple moving average is $355.02 and its 200-day simple moving average is $348.43. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The stock has a market cap of $82.90 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.77 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s payout ratio is currently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares of the company’s stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHW. BMO Capital Markets lowered their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. JPMorgan Chase & Co. lowered their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Finally, Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $387.60.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.